Civic Intelligence

Kah Credit Union

990 • Fiscal year 2014 • EIN 42-6077673

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 31, 2015

Organization ProfileN/A
1600 Morgan StreetKeokuk, IA 52632

(319) 524-7150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.71x

Higher debt load relative to assets than 20% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

66th percentile

20.32x

Higher debt load relative to revenue than 66% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

26th percentile

$13,209

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Asset Growth

12th percentile

-9.0%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-11%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,880,924

Down $186,528 (-9.0%) from 2013

Net Assets

Down

$542,843

Down $20,810 (-3.7%) from 2013

Liabilities

Down

$1,338,081

Down $165,718 (-11%) from 2013

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin8th percentile

Revenue

Down

$65,864

Down $7,733 (-11%) from 2013

Expenses

Down

$84,698

Down $537 (-0.6%) from 2013

Net Income

Down

-$18,834

Down $7,196 (-62%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,194,223Liabilities 2011: $1,636,258Net Assets 2011: $557,9652011Assets 2012: $2,145,823Liabilities 2012: $1,570,532Net Assets 2012: $575,2912012Assets 2013: $2,067,452Liabilities 2013: $1,503,799Net Assets 2013: $563,6532013Assets 2014: $1,880,924Liabilities 2014: $1,338,081Net Assets 2014: $542,8432014Assets 2015: $1,801,197Liabilities 2015: $1,290,226Net Assets 2015: $510,9712015Assets 2017: $1,767,669Liabilities 2017: $1,237,955Net Assets 2017: $529,7142017Assets 2018: $1,690,228Liabilities 2018: $1,160,551Net Assets 2018: $529,6772018Assets 2019: $1,649,841Liabilities 2019: $1,120,473Net Assets 2019: $529,3682019Assets 2020: $1,755,054Liabilities 2020: $1,232,901Net Assets 2020: $522,1532020Assets 2022: $1,555,539Liabilities 2022: $1,063,097Net Assets 2022: $492,4422022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2014

Assets$1,880,924
Liabilities$1,338,081
Net Assets$542,843
Open 2014 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2011: $76,8102011Expenses 2012: $69,6792012Revenue 2013: $73,597Expenses 2013: $85,235Net Income 2013: -$11,6382013Revenue 2014: $65,864Expenses 2014: $84,698Net Income 2014: -$18,8342014Revenue 2015: $75,359Expenses 2015: $107,262Net Income 2015: -$31,9032015Revenue 2017: $52,379Expenses 2017: $46,773Net Income 2017: $5,6062017Revenue 2018: $51,447Expenses 2018: $51,484Net Income 2018: -$372018Revenue 2019: $53,209Expenses 2019: $47,907Net Income 2019: $5,3022019Revenue 2020: $44,519Expenses 2020: $51,734Net Income 2020: -$7,2152020Revenue 2022: $38,179Expenses 2022: $64,997Net Income 2022: -$26,8182022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2014

Revenue$65,864
Expenses$84,698
Net Income-$18,834
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 31, 2015
Return Version
2014v5.0
Gross Receipts
$65,864
Mission and Program Overview

Mission

The mission of kah credit union is to provide a limited range of financial services to its members, most of whom are employees or former employees of keokuk area hospital

The mission of KAH Credit Union is to provide a limited range of financial services to its members, most of whom are employees or former employees of Keokuk Area Hospital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,058,533$878,092▼ $180,441
Savings and Temporary Cash Investments$551,500$652,561▲ $101,061
Rtn Earn Endowment Incm Other Fnds$463,653$442,843▼ $20,810
Cash and Non-Interest-Bearing Accounts$437,809$334,370▼ $103,439
Cap Stk Tr Prin Current Funds$100,000$100,000→ $0
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,067,452$1,880,924▼ $186,528
Other Assets Total$19,610$15,901▼ $3,709
Liabilities
Other Liabilities$1,502,506$1,337,911▼ $164,595
Accounts Payable and Accrued Expenses$1,293$170▼ $1,123
Total Liabilities$1,503,799$1,338,081▼ $165,718
Net Assets / Fund Balance
Total Net Assets Fund Balance$563,653$542,843▼ $20,810
Total Liabilities and Net Assets / Fund Balance$2,067,452$1,880,924▼ $186,528

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$8,502$8,502
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michelle McCannCredit Union ManagerPT$13,209$13,209
Kristina KarreChief Financial Officer-$2,600$2,600

Board Members and Trustees

NameTitle
Wayne ShumanChairman of the Board
Cathy PlatzVice Chair
Ed WestDirector
Jean SaxtonDirector
Linda BrownDirector
Renee MCCartyDirector
Sherry HetimanDirector
Linda AtterbergSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$61,905
Investment Income
$3,393
Other Revenue
$566
All Other Contributions
$0
Change in Net Assets
$-18,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,360
Salaries, Compensation, and Employee Benefits$16,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$16,338
Fees for Services Accounting---$7,125
Office Expenses---$6,684
Interest---$3,691
Other Expenses---$1,193
All Other Expenses---$1,100
Conferences and Meetings---$258
Total Functional Expenses$0$0$0$84,698
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares of Members$1,337,911
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members”

Form 990, Part VI, Section A, Line 7A

“Elections are held annually and are open to all members.”

Form 990, Part VI, Section A, Line 7B

“Decisions are approved by the board members.”

Form 990, Part VI, Section B, Line 11B

“The Board Chairman and board members are sent a draft off the 990 to review before filing.”

Form 990, Part VI, Section B, Line 12C

“Policies are reviewed and discussed at monthly meetings of the Board of Directors.”

Form 990, Part VI, Section B, Line 15

“The Salary of the Credit Union Manager is determined by Keokuk Area Hospital, not by the board of directors. There are no highly compensated employees.”

Form 990, Part VI, Section C, Line 19

“All items are available at the office of the organization at 1600 Morgan Street, Keokuk, IA. Information is made available upon request of a member of the public. Form 990 is posted on the organizations bulletin board.”

Form 990, Part VIII, Line 3

“Keokuk Savings Bank $593 State Central Bank $305 First Bankers Trust $168 Kahoka State Bank $1375 Investment Income $345 NCB Account $399 First Community Bank $208”

Filing and Contact Details

Filer

Filer Name
KAH Credit Union
EIN
42-6077673
Phone
3195247150
Address
1600 Morgan Street, Keokuk, IA 52632

Signing Officer

Name
Kristina Karre
Title
Financial Officer
Phone
3195268682
Signed
2015-08-31

Organization Details

Principal Officer
Kristina Karre
Formed
1963
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Accrued CD interest income correction from prior year.”

Raw XML AppendixShowing 400 of 413 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0463653
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0442843
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0551500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0652561
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08502
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08502
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01337911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES OF MEMBERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt01337911
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Elections are held annually and are open to all members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions are approved by the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board Chairman and board members are sent a draft off the 990 to review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Policies are reviewed and discussed at monthly meetings of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Salary of the Credit Union Manager is determined by Keokuk Area Hospital, not by the board of directors. There are no highly compensated employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All items are available at the office of the organization at 1600 Morgan Street, Keokuk, IA. Information is made available upon request of a member of the public. Form 990 is posted on the organizations bulletin board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Keokuk Savings Bank $593 State Central Bank $305 First Bankers Trust $168 Kahoka State Bank $1375 Investment Income $345 NCB Account $399 First Community Bank $208
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accrued CD interest income correction from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VIII, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02067452
IRS990/TotalAssetsEOYAmt01880924
IRS990/TotalAssetsGrp/BOYAmt02067452
IRS990/TotalAssetsGrp/EOYAmt01880924
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt084698
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01503799
IRS990/TotalLiabilitiesEOYAmt01338081
IRS990/TotalLiabilitiesGrp/BOYAmt01503799
IRS990/TotalLiabilitiesGrp/EOYAmt01338081
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0563653
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0542843
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt061905
IRS990/TotalReportableCompFromOrgAmt015809
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065864
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065864
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02067452
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01880924
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01600 Morgan Street
IRS990/USAddress/CityNm0Keokuk
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052632
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The KAH Credit Union is a small credit union that provides a limited range of financial services, mostly whom are employees of Keokuk Area Hospital. The Board of Directors consists of volunteers who commit their time and talents to the credit union. Within the past two years the Credit Union has undergone significant change. The manager for the credit union who was employed here for over 25 years retired, leaving a big gap in the processes and knowledge of the credit union. The board itself has also undergone significant turnover. We also had another change of management just within the last two months. While we have seen significant improvement this year, missing the filing deadline for the 990 was an oversight and we apologize for the error. We are working on a system to help prevent these errors again.
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kristina Karre
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Financial Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum03195268682
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-31

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,880,924
Liabilities
$1,338,081
Net assets
$542,843
Revenue
$65,864
Expenses
$84,698
Net income
-$18,834
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$1.06$0.49$0.04$0.06$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$1.23$0.52$0.04$0.05$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$1.12$0.53$0.05$0.05$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$1.16$0.53$0.05$0.05$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$1.24$0.53$0.05$0.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.80$1.29$0.51$0.08$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.88$1.34$0.54$0.07$0.08$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.07$1.50$0.56$0.07$0.09$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$1.57$0.58$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$1.64$0.56$0.08
Peer Organizations

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